Author: InvestAdvocate

SEC Charges AI Startup CEO and His Wife with Elaborate $60 Million Fraud Involving Fake Financial Documents and Forged Audit Reports

January 24, 2025/US SEC On January 23, 2025, the Securities and Exchange Commission charged Alexander Beckman, the former CEO of San Francisco-based GameOn Inc., with defrauding investors out of more than $60 million by falsely inflating the financial performance and commercial success of GameOn. The SEC also charged Beckman’s wife, […]

Trump Tariff Threats Boost Uncertainty in Oil Markets

January 24, 2025/Oilprice.com Michael Kern Editor, Oilprice.com Oil markets have been fully focused on Trump this week, with particular attention being paid to his tariff threats and whether he will follow through with them. Uncertainty surrounding Trump’s tariff threats on Canada and Mexico has been the key theme this week, […]

Nigerian Stocks Close Week Bullish +1.2%, Buoyed by MTNN, TRANSPOWER

The domestic equities market closed the week on a positive note, driven by bargain hunting in MTNN (+6.4%) following the NCC’s approval of a 50.0% tariff hike for telecommunication services. The market also reacted positively to TRANSPOWER’s (+8.0%) positive earnings release and accompanying dividend payment. Consequently, the All-Share Index (ASI) […]